Deland, FL Retail Property Refinanced For $7M With 7-Year Term At 3.57%
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This Retail property located in FL received a loan of $7,000,000 about 2 years ago. The brokers of the deal were David Michalski, Sam Warnick, and Brandon Harris
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- Location328 East New York Avenue, DeLand, Florida 32724, United States
- Loan Value$7,000,000
- Asset TypeRetail
- Parties3 Brokers, 1 Agency
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Deal Summary
LOAN
IMAGE: Sam Warnick, Brandon Harris, & David Michalski
DATE: 01/12/2022
ADDRESS: 328 New York Avenue
MARKET: Deland, FL
ASSET TYPE: Retail ~ SF: 82,822
BROKERS: Sam Warnick, Brandon Harris, & David Michalski - @BlackBearCapitalPartners
LOAN AMOUNT: $7,000,000
LOAN TYPE: Refinance
LOAN TERM: The 82K SF shopping center was refinanced on a 7-year term with a fixed rate of 3.57% and one year of interest only payments. The financing was provided by a balance sheet lender.
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328 New York Avenue
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